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and fidelity investments. your personal economy is made up of things that matter most like your career. rethink how you are invested and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices that can fit your personal economy. fidelity investments. turn here. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. hat can we do for you? >> and now, "bbc world news." >> hello. you're watching gmt on "bbc world news" world news. i'm dana. our top stories. oscar pistorius on the second day of his bail hearing. police they they found testosterone and needles and unlicensed things at his home. his girlfriend was found wearing a vest and shorts. the latest from pretoria. event a alled an deeply shameful event. >> and global soccer teams feet in asia to work out ways of tackling the corruption that affects every continent where the game is played. als
trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >> at 20 minutes past the hour, i have your fox news minute. a south african judge has allowed oscar pistorious to go free on $113,000 bail. the track star is charged with the murder of his girlfriend on valentine's day. oscar pistorious says he shot the model accident late thinking she was a intruder in his house. prosecutors say it was premeditated murder. a fire department official says only the flight team was on board the chopper when it went down. it was heading to pick up a patient 70 miles away. cuban president has raised the possibility of retiring, but did not say when he may make that decision. the 82-year-old leader made the comment in savanna. those are your headlines on the fox business network. back to ashley. ashley: all right. thank you very much. shibani: representatives from boeing meeting with the faa today. solutions for the battery fires that have grounded the 7873 minor. peter barnes is in washington. peter: top boeing executives are expected to propose a new design for
that massive layoffs could cripple their economies. >> we don't need to wait to see the white in the eyes before we start responding because of the potential that we see. this challenge is real and real right now. >> reporter: well, with the deadline still nine days away, there's still a lot of posturing, and there's no sign that anyone's trying to make a deal. administration tells us that there are no secret talks or negotiations under way. the reason for that, of course, the obama administration thinks it's winning this debate and republican pressure will force republicans to give in. charlie, gayle? >> thanks. >>> cbs political correspondent john dickerson. good morning, john. >> good morning, charlie. >> put this for us in terms of what we're talking about and what we're not talking about. >> it's a good point. step back here. what we're not talking about in this sequester is the actual long-term drivers of this deficit problem so as people look at the fight, which is the 900th chap tur in the con stangt fights of the budget, what's happening is the debate about dumb cuts to a portion
of thousands of jobs in our economy at risk for a spew special interest tax loop holes. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." you heard it. president obama slams the republicans, predicting dire results if they don't avoid the sequester. but is this the very same president obama who said this about that same sequester less than 18 months ago? >> some in congress are trying to undo these automatic spending cuts. my message to them is simp -- no. i will veto any effort to get rid of those automatic spending cuts domestic and defense spending. there will be no easy off-ramps on this one. >>> well, i wish he would make up his mind. remember, this was president obama's god. now he needs to blame somebody else for it. here's the thing, he should be embracing the sequester. why? smaller government is essential to a prosperous economy. as the mainstream media become the president's lapdog? are they just victims of president obama? even pillars of the media establishment are starting to complain about their lack of any access to the president. now, here's some
and other theatre, and that's a big effect on local economies, in areas like rampton rode, virginia, san diego. and it's an effect affect that will be clearly felt on contractors who rely on navy contracts for shipbuildings. so i think the affects will be gradual. no one can really tell when the agencies will sort of pull the plug. and as i said, the cuts nay not take effect for that long. >> suarez: you said at the outset there is a political dimension to this. of course as we enter the final week there most certainly is what is the they are telling opinion researchers if friday comes and goes without a deal? >> well, i think part of the problem is that many americans don't really understand what sequestration is. it's become this obsession in washington. but many people are only just now beginning to become aware of it. but the recent, a recent poll by the pew center for research said that many more republicans would be held responsible than would the obama administration. on the other hand, as i said earlier, republicans have been putting pressure on the administration for two years,
salaries. nearly three times median income of residents in the town all as the economy was tanking before their eyes. the mayor made close to $100,000 a year for a part-time job. prosecutors say that the ex-mayor knew exactly what he was doing. he and other city workers raised property taxes, hiked fees for businesses and used other shady measures to pay. the lawyer claimed the one time city leader cannot read and never graduated from grade school. a convicted killer on death row gets another peeve. reprieve. three days after the state of georgia was to execute an jen mate the supreme court is back in the mix. >>> tense moments in court as prosecutors question a woman who admits that she killed her ex-boyfriend but you says she can't remember stabbing him. oh, yeah, she remembers the shooting part but not the stabbing. the 27 stabbings. that is coming up. to grow, we have to boost our social media visibility. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't
, but the most immediate priority i think is the economy. they're still struggling to keep a job or find a job. i think that is his top priority far and away, but he'll have to pursue other things at the same time. the good news is that is happening and i think it's happening successfully. we see is the congress coming together on immigration like it never has in my memory. we also see great progress i think on the gun issue with mushrooming of support for universal background checks. the good news is we'll be able to tackle many issues at the same time, but the president does have to prioritize the economy and that's what he's been doing. >> joe biden has been his point man. he'll be in connecticut today, pushing some gun legislation, but realistically, looking at the way congress has been and the dearth of pleasurements they've had in any significant way, do you really think that they can deal with with the sequester and gun control legislation passed as well at the same time? >> well, it's a heavy challenge. just the sequester, frankly, is the biggest because the gop is not of one mind but i t
is really happening right now in our economy. what better indicator than to look at wal-mart sales because they're now reportedly putting out their quarterly sales about a billion dollars short of what they expected. fox business network stuart varney joins me on that. as wal-mart goes, so is going the nation perhaps, stuart? >> oh, yes. this isn't just one single company, one single retailer. this is america's economy. very good indicator of that and the news is not good. as you suggested there, martha, their sales are flat to down in the same stores over a comparable period. they took in about a billion dollars less than they were expecting to take in. you got to bear in end into the gas prices have gone straight up. that leaves less money available to go spend at wal-mart. taxes for everybody went up on january the 1st. same story. less money for people to spend at wal-mart. this is a disappointing indicator for the overall economy. it confirms we're still pretty weak. martha: you get that divide. you see what is going on with the ground on retail sales like you're reporting right here
its economy eventually was created, he has a job. details coming up. ♪ today is gonna be an impyou ready? for us. we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. shibani: get ready for it. moving coast to coast a winter storm now hammering places like kansas and nebraska. where is it heading next? we have the very latest. should i be getting my snow boots out for the weekend? >> that definitely depends on where you live. a lot of whether going on this afternoon. heavy snow continues to fall right around the st. louis area. that being mixed in with some sleep there. we are getting reports of anywhere from nine-11 inches already right around the kansas city area. this is an ice storm. very slippery conditions around springfield. that is likely to continue. the words of this storm likely to occur along i-34. that wi
. >> so these cuts are not smart. they are not fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> so there are two solutions. number one, lawmakers find another way to punt, ie delay the cuts for another month. or two come up with a major plan to slash the debt in this country. number two is not going to happen. the punt and pay, i kind of like it. that is not going to happen. number one haze decent chance but number one is a fail too. after all, the feared forced cuts are 2.5% of projected total federal spending. we have an economics professor at nyu and former director of the congressional budget office. at this point, are the cuts inevitable? why is the president still talking about it? >> well, we're ten days away and it seems like the republicans really don't want to do anything to fend off this crisis. you said sequester is an odd word. in a lot of languages, it means kidnap. it's sort of a kidnap situation because the economy is kidnapped, fearing that we might l
the board budget cuts. growing expectations of a eight- ripple effect to the economy especially here in our region if the deal is not reached between the white house and congress. leon panetta said the vast majority of the defense department's 800,000 civilian workers would be furloughed one day a week after 22 weeks. d.c. virginia, and maryland are expected to be hit the hardest. the impact on many of you in the private sector. >> brenman garay said he gets a lot of business from people who stay at nearby hotels on government related business. >> during that time there will be in two or three times a week. or more. >> if the 10% cuts go through he is worried what the impact will be on small businesses like his. >> of the will not be coming in town or there will be more for when they are here. >> the defense department announced a plan that would get our region harder than anyone else along with the rest of the federal cut sprayed it could have a devastating impact on the economy. >> it will have a big impact on travel. >> fewer passengers would use our local airports. and it would hurt car
people have been coming from mexico. and part of that is the bad economy in the u.s. there's just fewer jobs. part of that is a good economy in mexico. part of it's our enforcement. and of course, drug cartels and the drug war in mexico have played a huge role. >> but james, republicans are going to have to talk about border security, border security, border security to sell the other part of this. we saw john mccain and jeff flake, the two senators from arizona, having to sort of go back and forth and back and forth and slowly move their constituents along. and the way they do that is by talking tough on the border. >> yes. and this is politics playing out. right after the election, even sean hannity said well, maybe i'm for some kind of a border thing. the people in the republican party voting in these republican primaries, they're not sold on this. and i think senator mccain found that when he went back to arizona. it's going to happen time and time again. and they do have to bring them along. >> it's going to be tough in louisiana, too, isn't it? >> very. >> mary landrieu. is mary,
harming our economy. but congress has to act. >> reporter: the white house wants a plan with smaller spending cuts and more tax revenues. republicans say the government is already too bloated and higher taxes should not be part of this equation. the budget expert says the automatic cuts will hurt the economy, even though most government agencies should be able to weather them. >> most organizations can manage a cut of 5%, 7% in their budget without long-term harm. i don't mean it won't be painful. it will be. >> reporter: allen simpson and erskine bowls who led a commission on the debt say it will be painful for lawmakers as voters start feeling the effects like longer lines at the airports. >> when that happens, they're going to come back to congress and say we're sick of this intrancyin intransigence intransigence, let's do something smart. >> reporter: they'll only have a few days when they return next week. danielle nottingham, cbs news, the white house. >>> on the "cbs moneywatch" now, going on the offensive against cyber attacks, and apple gets bitten by
at the white house yesterday. president obama flanked by first responders warning that their jobs, our economy, even our lives could be in danger if those spending cuts that he suggested and then signed into law actually take place. listen. >> or help the economy, won't create jobs. now, congress allowed this meat cleaver approach to take place. it will jeopardize our military readiness, emergency responders like the ones who are here today, their ability to help communities respond to and recover from disasters will be degraded. thousands of teachers and the educators will be laid off. hundreds of thousands of americans will lose access to primary care, and preventive care like flu vaccinations and cancer screenings. >> but if the president warns of devastating consequences, the wall street journal. chris stirewalt is our news power play live and stuart varney is anchor on the fox business network, great to see you both. stu, let me start with you, because we talked with chris a little about this yesterday. i'm interested in your take because the journal points out that this is a small percen
the sequester could really have on the economy if no deal is reached before the deadline. chief congressional correspondent mike emanuel is live in washington with this. mike, what is the practical impact the real impact that many of us would feel from se sequestration? >> the automatic cuts are half domestic, after defense. he tkpepding on your interaction with the government, if you work or do business with the government you may be affected more. today the agriculture secretary raised the impact on the food on our tables. >> the only way we can absorb a cut of this magnitude is by impacting the people who work in the food safety area of usda, and we all know that when we do that it doesn't just impact those workers, it impacts all the processing facilities and plants and proceed tucks facilities across the country. >> reporter: the suggestion being that could lead to restaurants and supermarkets struggling to stay stocked with properly inspected food, jenna. jenna: that certainly hits home. we've hoard from republicans and democrats how drastic of an impact this might be in a whole slew of
't remember that. >> they are not fair and they will hurt our economy and add hundreds of thousands of americans to the unemployment rolls. >> steve: no wonder he doesn't want to take credit for it. new blame game. >> brian: how much does this woman love president obama. so much so voted them for six times. fox and friends starts now. >>> fox and friends, brian, welcome back. where did you do go and did you miss us? >> first off the chinese hacked my blackberry i can't open up any of my emails. i should have put the back on first. >> steve: see if it works? >> gretchen: i thought that congress' approval waiting went up 15%. all right. in the meantime, as he fixes his blackberry let's get positive to a developing story. stay tuned on to fox and friends report. >> they are charging pre-med dated murder. they found steroids in his home. good morning, amy. >> investigators say they found two boxes of steroids and needles in oscar pistorius' home. a sigh, a real sigh went across the courtroom and then the defense says those were actually herbal remedies. then another explosive moment in
paid more and have the so-called knowledge economy are able to get more. and then this relentless -- and this is the point, we talk a lot about jobs, we don't talk enough about incomes -- this relentless downward pressure on the average worker competing across the globe, not being able to get wage increases. what's happening with unions. we're now talking about the minimum wage and so forth. and so what's also interesting, if you look at the 2011 numbers which came out, you see something -- a slightly different pattern, which is the bottom 99% still going down, down minus 1.3%. they lost another $150 on their average income. but to your point, willie, the top has actually went down a little bit in that year as well. 0.6% for the top 1%, 6.7% for the top 1%. nobody is going to take up a collection for these guys. they have $23 million of average income. but this is probably a function of the fact that the stock market did not have a great year in 2011. >> those charts, those two combined charts, that is a prescription for social dynamite. i mean, the fuse is burning. >> and the fus
, national security or the economy. -- or our economy. but once again the president offered no credible plan that can pass congress -- only more calls for higher taxes. mitch mcconnell had this to say in a statement after the president's speech. quote, today's event at the white house proves once again that more than three months after the november election, president obama still prefers campaign events to commonsense, bipartisan action. if anyone is waiting for any last-minute deals, they better not hold their breath waiting for them to come from mitch mcconnell. here's what he said to reporters a week ago. >> it's pretty clear to me that the sequester is going to go into effect. read my lips. i'm not interested in 11th hour negotiation. >> so republicans are definitely striking back at the president saying he can prevent damage to essential services by cutting from other areas of government. earlier i spoke with the republican senator rand paul of kentucky. senator, the president spoke today about those forced budget cuts. he had some pretty tough words for republicans. let me play a littl
and author of "beyond outrage," what's gone wrong with our economy and how to fix it and ari fleischer, former white house press secretary under george w. bush. all right, let's get some action here. robert, the white house responded to john boehner's challenge of saying, where are the cuts, with a blog post from dan pfeiffer who wrote, "the fact is, the president has a detailed balanced plan with spending cuts, he's willing to make tough choices. now it's time for the speaker to do the same." then he had a link to an 80-page proposal from september, including war savings, it includes tax reform, which of course they want. it doesn't fully lay it out by any stretch of the imagination. so jay carney was asked what specifically will the white house cut and here's what jay carney said. >> it's in the proposals he submitted to the speaker of the house that the speaker walked away from -- >> where does the president prevent sequestration from happening? shouldn't the president take the lead and present that -- >> well, first of all, congress has to act. >> all right. it's frustrating, no ma
economy at risk to benefit only the healthiest americans and biggest corporations? that's the choice. >> back in 2011 when the debt reducing super committee failed the president threatened to veto any plans for cuts elsewhere. john boehner still says there is time to spare the military and their time to spare america's higher tax rates. this is a quote last month the president got the taxes on the wealthy and already back for more. the revenue debate is now closed. we should close loopholes in the tax code that should be used to lower rates across the board. if the see questions tore could not be avoided they are ready to tell 800,000 silian workers they will be forced to take 22 days of unpaid leave by taking one day off per week for almost half a year. >> peter, thank you. it is time for a look at who is talking this morning. >> the sequestration cuts are the topic of debate on hannity last night. he went head to head with arthur ghouls by. take a look at this. >> if you say i am for cutting entitlements more than would be -- had to be cut if you did some tax revenues i understand
our deficits without harming our economy. but congress has to act. >> reporter: the white house wants a plan with smaller spending cuts and more tax revg news. republicans say the government is already too bloated and higher taxes should not be part of this equation. budget expert isabelle says the automatic cuts will hurt the economy,'ve though most government agencies should be able to weather them. >> most organizations can manage a cut of 5%, 7% in their budget without long-term harm. i don't mean it won't be painful. it will be. >> reporter: allen simpson and erskine bowles says people will start feeling the effects like locker lines at the airports. >> when this happens they're going come back and say we're sick of this intransjens, let's do something smart. >> reporter: they'll only have a few days when they return next week. >>> on the "cbs moneywatch" now, going on the offensive against cyber attacks, and apple gets bitten by a bug. erica ferrari is here with that and more in new york. good morning, erica? >> good morning, anne-marie. tokyo's nikkei gained 1%. hong kong's han
. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. >> in his state of the union address, president obama himself admitted that these cuts were a really bad idea. what the president failed to mention was that the sequester was his idea. >> the sequester was the president's idea but it was meant for force congress to act because the cuts would be so objectionable to everyone on both sides of the aisle. >>> former congressman jesse jackson, jr. and his wife are expected to plead guilty to federal corruption charges in d.c. the couple is accused of spending more than $507,000 in campaign cash to buy personal luxury items like watches, furs and furniture. jackson resigned from the house of representatives last november. sandy jackson could get up to three years. >>> a possible change to d.c. traffic lights. how it could affect your commute. >> a huge gas explosion rocks an upscale kansas city shopping district. this morning, cadaver dog on the scene. we have an update coming up next.   -- dogs on the scene. 
to be dropped? new developments in the troubling trend for americans and the nation's economy. gas prices shooting up nearly 50 cents in 60 days, taking a huge bite out of americans who are already earning less because of the payroll tax we got hit with the beginning of the year. according to the triple-a, the national average for a gallon of gasoline is now, 3.78. so when your car has a 20 gallon tank it will cost you more than 75 bucks every time you fill up. you don't need me to tell you that because you're experiencing it it and also means you're now paying $10 more per fill up than a month ago. the combination of soaring gas prices and higher taxes are not only threatening the larger economy, but the current administration as well. chris stirewalt our digital editor and host of power play live. and interesting to read your power play on foxnews.com because you talked about how this is the exact position that the republicans, who wound up getting creamed in that 2006 mid term he election, found themselves in when gas prices were soaring under president bush and wow, did the democrats
this morning. it's a bellwether for the nation's economy. rebecca jarvis is here with us. what are they saying about the economy? >> looking backwards walmart had a good christmas, that holiday sales worked out well for them they earned more than wall street was expecting, they came in a little light on sales. however, going forward, that's really the question walmart is considered a bellwether for our overall economy and what they told us this morning is that the payroll tax cut is impacting consumers, that pike that we saw at the beginning of the year the 2% hike that takes about $20 out of people's weekly paychecks, that's getting their consumer also gasoline price is up 50 cents in the last month, that's hitting consumers and there's a temporary knock on the consumer because refunds have been delayed. the tax code had to be overhauled as a result of many of the reforms at the end of last year and they're saying their consumer has been hit by delays in the refund checks about $20 billion in refund checks didn't go out on time. >> new information this morning rebecca t
that the iranians will want to be seen as making concessions to the west before then. but iran's economy is really hurting because of these biting sanctions on their oil sector and central bank. take a look at this. in the last year alone, the iranian currency has fallen 80%. so the u.s. and its partners feel maybe the rulers are getting desperate and could seriously negotiate after the elections. in the short term it might be good to get the talks going again and see what iran really wants. >> elise, thanks. >>> coming up, one of the most anticipated retail reports of the year from walmart just into cnn. we'll tell you the numbers and also what it means for the economy when we come back. dermatologist recommended [ ] aveeno has an oat formula, now proven to build a moisture reserve, so skin can replenish itself. that's healthy skin for life. only from aveeno. so skin can replenish itself. how do you keep an older car running like new? you ask a ford customer. when they tell you that you need your oil changed you got to bring it in. if your tires need to be rotated, you have to get that done as
of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. with the bing it on challenge to show google users what they've been missing on bing. let's bing it on. [fight bell: ding, ding] how many here are google users? what if i was to tell you that you would actually like bing way more than google when it came to the results? prove it. let's look up some taco places. i like the left side. yeah? okay, do we need to find out what the waves are like down at the beach? what side do you like better? i like the results on the right. i'm gonna go with the one on the left. oh! bing won! people prefer bing over google for the web's top searches. don't believe it? go to bingiton.com and see what you're missing. >>> welcome back, everybody. 7:30 on the east coast. a man accused of slapping a crying toddler on a delta flight is now out of a job. joe hundley is no longer being employed. the parents of the 19-month-old boy are still in shock. renee marsh following the story from washington, d.c. >> fired, that's
Search Results 0 to 49 of about 154 (some duplicates have been removed)